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Change - Announcement Of Appointment Of Key Management Personnel And Executive Officer
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Dec 23, 2021
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Dec 23, 2021 17:24 |
| Status | New |
| Announcement Sub Title | Appointment of Key Management Personnel and Executive Officer |
| Announcement Reference | SG211223OTHR5M6B |
| Submitted By (Co./ Ind. Name) | Lam Siew Kee |
| Designation | Executive Chairman and Chief Executive Officer |
| Description (Please provide a detailed description of the event in the box below) | This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Lee Khai Yinn (Tel: (65) 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542. |
| Additional Details | |
| Date Of Appointment | 24/12/2021 |
| Name Of Person | Thng Tien Lung |
| Age | 50 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr. Thng Tien Lung ("Mr. Thng") has been appointed as the Financial Controller of the Company with effect from 16 August 2021 and is responsible for the Group's accounting, financial and investor relations matters. Following the resignation of the Company's Chief Financial Officer on 30 November 2021, the Audit Committee has recommended the appointment of Mr. Thng as a key management personnel and executive officer of the Company. The Nominating Committee had considered Mr. Thng's track record, age, working experience, capabilities and other relevant factors for the appointment as the key management personnel and executive officer of the Company and recommended to the Board of Directors (the "Board") for his appointment. The Board has approved Mr. Thng's appointment as a key management personnel and executive officer. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Responsible for the Group's accounting, financial and investor relations matters |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Financial Controller |
| Professional qualifications | Chartered Accountant of the Institute of Singapore Chartered Accountants |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | August 2021 to Present: Financial Controller, LifeBrandz Ltd. January 2020 to August 2021: Financial Consultant (on project basis) February 2019 to December 2019: Chief Financial Officer, Resources Prima Group Limited April 2014 to January 2019: Associate Director, PricewaterhouseCoopers Advisory Services Pte Ltd December 2011 to April 2014: Chief Financial Officer, Auhua Clean Energy Plc |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | Directorships: Energy Prima Pte. Ltd. RPG Trading Pte. Ltd. RPG Logistics Pte. Ltd. Other Principal Commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above. |
| Present | Directorships: Nil Other Principal Commitments: Please refer to "Working experience and occupation(s) during the past 10 years" section above. |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Not Applicable |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | Not Applicable |